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Feb 8, 2013
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the morning after they should sit down with obama for negotiations on real tax reform as recommended by the president's own simpson-bowles commission. broaden the base, lower the rates." and it was one of the things that secretary panetta was talking about, richard, the impact, he said if this goes into effect, it won't be short term, and the ramifications would be deep, steep and devastating. is that a fair assessment, that it would be very hard to turn this around quickly? >> if you have to do all the sequester in a hurry, then yes, it's a real problem because it doesn't let the pentagon begin to plan and distribute, if you will, the cuts. but at the end of the day, whether it's defense spending, education spending, health spending, what always matters more than how much you spend is how you spend it. and so i'm not, at the end of the day, all that worried about how much we spend, whether it's on defense or anything else. you just want to have the time to make some intelligent cuts rather than have to make them literally in a matter of days which would probably mean that readiness
the morning after they should sit down with obama for negotiations on real tax reform as recommended by the president's own simpson-bowles commission. broaden the base, lower the rates." and it was one of the things that secretary panetta was talking about, richard, the impact, he said if this goes into effect, it won't be short term, and the ramifications would be deep, steep and devastating. is that a fair assessment, that it would be very hard to turn this around quickly? >> if...
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i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that latinos and women feel they can't join the republican party even though they agree with it, because it's excluding. >> who would you most like to see leading the party for the next election? it can be a surname, a first name. >> scott walker. >> scott walker? interesting call. good to see you. you can always come back here, we're not going to ban you or fire you. >>> coming up, we'll talk about what dick morris just said, about the future of the republican party. kerry kennedy joins me live to talk about guns in america. oh! progress-oh! [ female announcer ] with
i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that...
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Feb 3, 2013
02/13
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they'll make 430 million and generate 26 million worth of tax revenue and not focus on the katrina disaster. tell be a cost gard for the city harris. >> i have a heart for the nfl. mipe guys are not in. joe flacko and kaepernick, that is a quarterback match up. >> it is it going to be it is so unusual. joe flacko had a small school and said he's good but he is not one of the best. the deeper in the playoffings more confidence . he has wide-receivers that tend to pumdown the ballings. they throttled a team that doesn't blow in leads . they come in underdogs to the 49ers . many people think he is the better player and he's the better upside and got the intangible quality and adrian petersen who is it that he thinking will win. >> it is facing each other with two types of quarterbackings. so he wapts reyes lewis and company to win it he was all time rushir and a great up side. that is the game itself. the 49ers seem to be the better all around team. >> there you go . i have been in the bowl before. what leads to the game is more fun and football selection committee is hard working on the satur
they'll make 430 million and generate 26 million worth of tax revenue and not focus on the katrina disaster. tell be a cost gard for the city harris. >> i have a heart for the nfl. mipe guys are not in. joe flacko and kaepernick, that is a quarterback match up. >> it is it going to be it is so unusual. joe flacko had a small school and said he's good but he is not one of the best. the deeper in the playoffings more confidence . he has wide-receivers that tend to pumdown the...
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Feb 5, 2013
02/13
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if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't have a general market impact, but the federal government, the justice department, a couple of left wing attorneys general, they will all sue s&p. they're probably going to sue moody's. mcgraw hill fell. they will sue s&p for being credit dummies on mortgage-backed securities and collateralized debt obligations. i don't know. is this meritorious? it seems there is no law about being stupid. they were stupid. but if you can't show intent there is no law about stupid. why do this? >> you have e-mails from s&p officials saying we sold our souls to the issuers of
if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't...
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Feb 5, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! >>> welcome back to "the ed show." today president obama pushed for solutions to gun violence by taking his ideas for common sense measures to minneapolis, which has had huge success on the issue. >> this city came together. you launched a series of youth initiatives that have reduced the number of young people injured by guns by 40%. >> this week, then, we learned of another high profile senseless killing. former navy s.e.a.l. chris kyle and another man, chad littlefield were killed satur
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online...
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Feb 2, 2013
02/13
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no, they do not pay taxes. if they want to get into the debate, taxes like everybody else. all this moral authority that people keep throwing around -- mind your business. if you do not want to take birth control pills, don't take them. if you do not want the bothered with the morning after, don't do it. but we really do not have a right to tell somebody else what to do with their own bodies. these states want to cut funds to medicaid, which takes care of poor children, sick children, and yet the catholic church -- i'm not catholic -- those of us who are not catholic, catholics do not take it. the rest of us, we take it. i pay for the oil companies to get all kinds of rebates and all of this business. i do not want to do that. it is part of my obligation as a citizen of this country. host: this is one of the editorials this morning in the new york times -- back to the phones. rosella in new york, on our line for republicans. you are on the "washington journal." caller: good morning. i have been watching this debate -- is quite controversial, obviously, regarding coverage fo
no, they do not pay taxes. if they want to get into the debate, taxes like everybody else. all this moral authority that people keep throwing around -- mind your business. if you do not want to take birth control pills, don't take them. if you do not want the bothered with the morning after, don't do it. but we really do not have a right to tell somebody else what to do with their own bodies. these states want to cut funds to medicaid, which takes care of poor children, sick children, and yet...
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Feb 5, 2013
02/13
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a law america in illinois pushing for a $0.25 sneaker tax. hopes the tax will generate 3 million a year. the retail association says it will fight this plan. they say sneaker i say tennis shoes. >> both. depends on what i am wearing it for. if you need an excuse to spend which we never really do there's a new research out from shop it to me.com. february is the best month of the year to shop on-line. you can get 47 percent off items right now. with tips how to save is vera gibbons. >> we usually think president's weekend was the big one. >> you talk about an average markup 48 percent which mix aket bert. but february as a whole the best month to shop of the year. people get the average other months. 43 percent. this is 47 percent on average in terms of the mark downs. large part because the retailers are looking to clear out their stuff make clear for the spring items. they want to get it out the door. that's to your benefit. >> good time to buy all of the winter coats they need next year. what are some of the discounts? >> we have skirts, be
a law america in illinois pushing for a $0.25 sneaker tax. hopes the tax will generate 3 million a year. the retail association says it will fight this plan. they say sneaker i say tennis shoes. >> both. depends on what i am wearing it for. if you need an excuse to spend which we never really do there's a new research out from shop it to me.com. february is the best month of the year to shop on-line. you can get 47 percent off items right now. with tips how to save is vera gibbons....
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Feb 1, 2013
02/13
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> rose
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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Feb 8, 2013
02/13
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do not require candidates to pledge a certain kind of commitment on taxes. do not require candidates to pledge a certain kind of commitment on something that's inconsistent with good judgment. leave candidates with the ability to do what's right. urge them to do what's right. you will select people who have those kind of qualities and you'll end up winning. if not, you're going to end up losing just as the republicans did the last time around. >> you would think this is good news for democrats who are watching what's taking place on the gop side of the aisle, this notion that karl rove could fund and field slates of candidates that would have a different philosophy than mr. kibbe and the tea party folks. >> well, i don't think that karl rove is going to be able to be successful independent of other kinds of relationships. you literally cannot start a third party movement within a party and think you can be successful. he's already proven that he can blow a whole lot of dough on a whole lot of people and lose elections. that's not good. it would be just as ba
do not require candidates to pledge a certain kind of commitment on taxes. do not require candidates to pledge a certain kind of commitment on something that's inconsistent with good judgment. leave candidates with the ability to do what's right. urge them to do what's right. you will select people who have those kind of qualities and you'll end up winning. if not, you're going to end up losing just as the republicans did the last time around. >> you would think this is good news for...
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Feb 7, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. . >>> 11 minutes past the hour.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of...
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Feb 5, 2013
02/13
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but obviously you know, tax breaks for oil companies hedge fund carried interest. all of these loopholes that mitt romney said he was open to closing. they've got to be part of this discussion. and there are smart changes in terms of medicare savings which don't affect benefits and age of eligibility and all of that that can easily get dealt with and by the way the word "afghanistan" after 2014, if you close the door on combat troops with a measure, cbo will tell us that creates huge savings. this is so avoidable. it is just -- shocking. we're 20 days away. >> bill: so with sequestration, what are the options? can congress just cancel? >> they could. >> bill: we were just kidding? >> well, yes. what i would say is that when vice president biden negotiated the fiscal cliff and came and spoke to the caucus, he actually, at the time of the negotiations, said okay, we're passing a measure $700 billion in new revenue over the next ten years, let's turn off sequestration for a year or two and we could sort of finish it all off. the republican position was basically to tr
but obviously you know, tax breaks for oil companies hedge fund carried interest. all of these loopholes that mitt romney said he was open to closing. they've got to be part of this discussion. and there are smart changes in terms of medicare savings which don't affect benefits and age of eligibility and all of that that can easily get dealt with and by the way the word "afghanistan" after 2014, if you close the door on combat troops with a measure, cbo will tell us that creates huge...
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Feb 6, 2013
02/13
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republicans reject this right away because they see tax reforms as a tax increase. here's what kelly ayacht said this morning. >> his first response to everything is new taxes. he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> and those comments followed pat toomey, who said sorry, president obama, no more tax increases. mitch mcconnell said the government will not support more tax hikes in place of the meaningful spending reductions. so what's behind the president talking about this yesterday? >> it's no surprise. of course they're going to say it's d.o.a. they always say it's d.o.a. >> but is it d.o.a.? >> i'm not sure it is. i do think there is renewed pressure on republicans to get renewed spending cuts in this round. you see indications that house republicans especially are saying that they will swallow that sequester if that's what it takes to get actual spending cuts out of this president. >> the president didn't get specific, which is one of the criticisms yesterd
republicans reject this right away because they see tax reforms as a tax increase. here's what kelly ayacht said this morning. >> his first response to everything is new taxes. he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> and those comments followed pat toomey, who said sorry, president obama, no more tax increases. mitch mcconnell said the government will not support more tax hikes...
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Feb 8, 2013
02/13
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if you are consistent on it, you shouldn't want any tax hikes either, right? the fight is over people's policies. people have policies that have priorities because the intl groups and collisions thief assembled politically because of their idealogical principles, right, who these things will benefit, it and then they mask them in the language of what is cyclically appropriate or inappropriate, right? >> even on sequestration they've changed their mind. now sequestration, we might do it. >> i love when they bring this up during the hagel hearing and they talk about sequestration, and they go the witness and talking about what a disaster sequestration would be for the defense budget. if you just arrived from another country or mars you would be like who are the monsters who came up with the sequestration idea? who could have possibly voted for this thing? it is the people sitting that crafted it. >> the ironies speak like a birthday cake. unfortunately, we have to leave it there. we are out of time. >> can we kick the can? >> we are going to kick the can down th
if you are consistent on it, you shouldn't want any tax hikes either, right? the fight is over people's policies. people have policies that have priorities because the intl groups and collisions thief assembled politically because of their idealogical principles, right, who these things will benefit, it and then they mask them in the language of what is cyclically appropriate or inappropriate, right? >> even on sequestration they've changed their mind. now sequestration, we might do it....
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Feb 6, 2013
02/13
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort economic behavior. good one people point to is the carried interest which allows hedge fund people to not pay the same taxes everybody else does. that's not going to bring as much money in but there may just be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson/bowles commission which said that we need to combine this kind of tax reform, closing loophole
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort...
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Feb 6, 2013
02/13
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two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and beachy in the 1990's the usa tax , a second idea that was very popular with the so-called flat tax that was a book by professors hall at stanford originally published in 1982, a was not an original idea with them. it came from milton friedman book capitalism and freedom where he has a chapter of the ideal income-tax. the ideal income tax he describes is actually the flat tax which is actually consumption tax. the city was picked up by house majority leader dick armey and by presidential candidate steve forbes in the 1990's, again, like all these other plans to make di
two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. connell: all right. so an interesting day in the market. stocks are down, as we've been talked about. it's been tough going in the bond market, we've also talked about investors concerned maybe they missed the run in equity, so we have an argument right now to be made for small cap stocks. dagen: chairman and ceo of asset management. good to see you. small caps are up more than your other market gauges. the russell 2000 chosed at a record on friday. why would you bet on an already-hot group of stocks? >> i guess we should quit then, huh? [laughter] i mean, the game's over. dagen: there are always options. >> no, there's many options. here's the thing. i don't believe in buying markets.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. connell: all right. so an interesting day in the market. stocks are down, as we've been talked about. it's been tough going in the bond market, we've also talked...
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Feb 9, 2013
02/13
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we are quite prepared to cut elsewhere but we already raised taxes last month. if the presses wants to avoid the sequester as we do, he must offer a substitute set of cuts. otherwise, mr. president, there is nothing to discuss. your sequester, republicans need to reiterate the sequester was the president's idea in the first place, will go ahead. the sequester was the president's idea? that's what the republicans want you to believe. the speaker's office has even created the #obamaquester. let's travel back in time to the great ceiling debt debacle of 2011. here is what president obama was demanding. >> at minimum we've got to raise the debt ceiling. so, that's the bare minimum that has to be achieved. >> here is what john boehner and the republicans in the house were demanding. >> the house cannot pass a bill that raises taxes on job creators. the house could only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit as well as real restraints on future spending. >> and here is what john boehner said when the final bill was si
we are quite prepared to cut elsewhere but we already raised taxes last month. if the presses wants to avoid the sequester as we do, he must offer a substitute set of cuts. otherwise, mr. president, there is nothing to discuss. your sequester, republicans need to reiterate the sequester was the president's idea in the first place, will go ahead. the sequester was the president's idea? that's what the republicans want you to believe. the speaker's office has even created the #obamaquester. let's...
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Feb 4, 2013
02/13
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KQED
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everything they need to know about richard iii, i think it will have a very different assessment of the tax. >> the grave has already given up many secrets. we know that he was wounded in battle 10 times. preparations are being made to inter the remains of richard iii in a cathedral here next year. >> he worked -- whether he was a villain or not, he still ended up buried in a car park. continue watching bbc world news for updates on our stories around the world on our 24-hour news network. check your local listings. thanks so much for watching. we will see back here tomorrow. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was present
everything they need to know about richard iii, i think it will have a very different assessment of the tax. >> the grave has already given up many secrets. we know that he was wounded in battle 10 times. preparations are being made to inter the remains of richard iii in a cathedral here next year. >> he worked -- whether he was a villain or not, he still ended up buried in a car park. continue watching bbc world news for updates on our stories around the world on our 24-hour news...
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Feb 5, 2013
02/13
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the senators produce the tax vote and boehner can't produce his caucus. you call their bluff and say, okay. we agree with you. let's go pass this stuff. it won't happen. >> in a political way, having eric cantor go out there and be out front on this. john boehner has to be thinking, i don't have to look over my shoulder and see if this guy is going to knife me as a tea party guy. >> you have paul ryan saying a few things. that's the big challenge here is the paul ryanism is what we're talking about here and jindal and now cantor are saying this obsession with government spending about reforming these policies, probably not the best idea. we need to focus more on -- and the love of paul rye san getting in the way of that. >> who is the leader of the republican party in when someone asks that, what do you say? >> john boehner as the speaker. >> technical leader. >> he is the leader right now. he's the only guy who has power in washington. >> all right. stick around. i want to talk about our breaking news that we have on this network having to do with those
the senators produce the tax vote and boehner can't produce his caucus. you call their bluff and say, okay. we agree with you. let's go pass this stuff. it won't happen. >> in a political way, having eric cantor go out there and be out front on this. john boehner has to be thinking, i don't have to look over my shoulder and see if this guy is going to knife me as a tea party guy. >> you have paul ryan saying a few things. that's the big challenge here is the paul ryanism is what...
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he wants tax increases and spending cuts. the tax issue is closed, says the republicans. dagen: thank you for that update. for more on the outlook and what the president will say this afternoon, we go to michael perrone. michael, good to see you. start with this cbo report. will it influence policy and what happens in washington and even the smallest way? >> the cbo is required to give a fictitious look forward at the budget numbers. it will be higher than projected unless other action is taken. the medicare doc fix, for example, will not go away. they have been voting in every year. you know, unless the president is calling for a tax increase or increased revenues, i think that is a nonstarter in not only the republican house, but in the democratic majority senate. dagen: any spending cuts that even the president may propose, washington is just nibbling around the edges, so to speak. at what time do you think lawmakers will have to act in terms of really writing our nation financially? >> well, i think, i think what we will see is congress stumbling. it is hard for me to
he wants tax increases and spending cuts. the tax issue is closed, says the republicans. dagen: thank you for that update. for more on the outlook and what the president will say this afternoon, we go to michael perrone. michael, good to see you. start with this cbo report. will it influence policy and what happens in washington and even the smallest way? >> the cbo is required to give a fictitious look forward at the budget numbers. it will be higher than projected unless other action is...
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Feb 9, 2013
02/13
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and make that tax deductible if we pay taxes. and if we're too poor to pay taxes we can -- >> rebate it? >> yes, we can make it refun refundab refundable. you're talking about future priorities. so far, we have tried to get equal pay for what is counted as work because men could do it. >> right. >> so the work that men don't do is completely invisible. so that's why we need huge changes in social policy to value that work. the country could not function without it. >> that's right. one of the interesting results of tana, the welfare reform act that was signed by bill clinton in the 1990s. there's an old joke about a village by which everybody is employed by taking in everyone's laundry. it had this effect in the bronx where people opened child care and basically everyone took in the child. it's like i have to work now. there's no affordable day care. i'll go to work caring for your kid. and you go to work caring for my kid. now we're both employed by the economy. if we just switch who's watching who's kid, now we enter the -- >>
and make that tax deductible if we pay taxes. and if we're too poor to pay taxes we can -- >> rebate it? >> yes, we can make it refun refundab refundable. you're talking about future priorities. so far, we have tried to get equal pay for what is counted as work because men could do it. >> right. >> so the work that men don't do is completely invisible. so that's why we need huge changes in social policy to value that work. the country could not function without it....
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Feb 6, 2013
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package of spending cuts and tax cuts but to the republicans suggested instead cutting the federal work force. today outgoing defense secretary leon panetta warned failure to get a deal will have real consequences for u.s. military readiness. >> this is not a game. this is reality. >> if the automatic cuts go into effect he says expect action from the pentagon including furloughing as many as 800,000 civilian workers for up to 22 days. cutting back on army training and maintenance, shrinking naval operations and reducing air force flying hours and weapons and its. today a group of house republicans proposed cutting the federal work force by 10%. >> our defense should not be used as a bargaining chip because of other policy aspirations of people want to accomplish. >> house speaker john boehner called sequestration a bad idea. he says it was forced upon republicans by president obama. >> it is taking a meat ax to our government and many programs in national defense. >> experts warn the impact would be especially felt in the washington area. >> i am very concerned about it. >> this car sa
package of spending cuts and tax cuts but to the republicans suggested instead cutting the federal work force. today outgoing defense secretary leon panetta warned failure to get a deal will have real consequences for u.s. military readiness. >> this is not a game. this is reality. >> if the automatic cuts go into effect he says expect action from the pentagon including furloughing as many as 800,000 civilian workers for up to 22 days. cutting back on army training and maintenance,...
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Feb 7, 2013
02/13
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can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle,
can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle,
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Feb 6, 2013
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well, the highlights cantor advocated were, let's see, mitt romney's tax reform plan. mitt romney's education reform plan, and unworkable cuts as usual to medicare and medicaid. not surprisingly, cantor was not willing to get specific about any legislation to make these ideas a reality. >> we do intend to follow up with some policy proposals in legislation working with our committees to move forward on many, many of these issues. >> it's always the follow-up, isn't it? but there was one thing cantor said today that really caught my attention. here it is. >> our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. >> there is a lot there, isn't there? cantor sounds like he is fresh off another frank luntz seminar. i couldn't believe my ears when i heard those words come out of cantor's mouth. so let me make sure i got this whole thing correct. "our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in the family, and accoun
well, the highlights cantor advocated were, let's see, mitt romney's tax reform plan. mitt romney's education reform plan, and unworkable cuts as usual to medicare and medicaid. not surprisingly, cantor was not willing to get specific about any legislation to make these ideas a reality. >> we do intend to follow up with some policy proposals in legislation working with our committees to move forward on many, many of these issues. >> it's always the follow-up, isn't it? but there was...
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Feb 7, 2013
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it means that we're going to talk about, yes, deficits and taxes and sequesters and potential government shutdowns and debt ceilings. we'll talk about that stuff. all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher, or a construction worker or a receptionist, that they can make it if they work hard. and that their kids can make it. and dream even bigger dreams than they have achieved. and obviously, a lot of what we'll be working on michellely over the next few weeks is going to be on how do we deal with the sequester issue, and i just want to make this quick point. i had a press conference this week in which i reiterated i am prepared, eager, and anxious to do a big deal, a big package that ends this governance by crisis for every two weeks or every two months or every six months. we are threatening this hard won recovery where finally housing is starting to pick up and commercial real estate is starting to do better and the unemployment numbers are still too high, but we're seeing some job growth and businesses are investi
it means that we're going to talk about, yes, deficits and taxes and sequesters and potential government shutdowns and debt ceilings. we'll talk about that stuff. all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher, or a construction worker or a receptionist, that they can make it if they work hard. and that their kids can make it. and dream even bigger dreams than they have achieved. and obviously, a lot of what we'll be working...
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Feb 5, 2013
02/13
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he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the average american is scared to death that they will get sick in iraq and they will not be covered. we have inequities that we could fix with the tax structure. it is a matter of political will and >> edward, caller. -- host: edward. caller: thank you for taking my call. representative, i have been around for a while, and george palestra -- george bush did not inherit a surplus. it was on paper. as far as him going along with spending programs, i do think he was trying to appease the democrats. i thought it was wrong then. when
he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the...
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Feb 4, 2013
02/13
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every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over again with the sequestration here? >> sequestration is already effecting government expenditures as agencies try to guess what position they'll be in. of course they're being conservative. the deficit problem is the problem for later in this decade. the jobs problem is the problem today. and this talk of a contracti contractionary fiscal position. it is hurting the economy. >> he wantive harris? >> in the end, we've got to get our deficit under control while we grow the private sector economy. we can't do it through new taxation. you can't tax your way out of this
every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over...
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Feb 6, 2013
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would you be for taxes? no. then ronald reagan would never have been someone you would have voted for. there's this purity test that republicans have now for some reason. he came to the table and got things accomplished. not everything he wanted. he didn't have to give up some of his conservative believes and values. >> i think that on the republican side, we heard people say they don't want to think about compromise. i remember boehner did an interview where he was afraid to use the word compromise. so hogan probably needs to advise some colleagues on the republican party. they don't think of themselves as liberal. it's easy to kovrp miez. most republican voters think of themselves as conservatives. most of them can't reach a deal. john boehner don't view the compromise as a dirty word on some lefrl. and that's the big challenge that hogan talked about. >> thank you both fwr your time tonight. and we'll keep watching the republicans doing what they're doing. you want change? wait until you see who's now support
would you be for taxes? no. then ronald reagan would never have been someone you would have voted for. there's this purity test that republicans have now for some reason. he came to the table and got things accomplished. not everything he wanted. he didn't have to give up some of his conservative believes and values. >> i think that on the republican side, we heard people say they don't want to think about compromise. i remember boehner did an interview where he was afraid to use the word...
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Feb 9, 2013
02/13
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income tax. as a retiree living on a modest pension pay federal and state tax. i think this is all a ploy on the republicans to do away with social programs that it could not get done legislatively. what they do is they start starving the beast of all of its money so they can get programs cut. they have been trying to get to social security since its inception. it is a shame that people put toy is a dollar overseas and untaxed. you have all this -- people put trillions of dollars overseas and untaxed. this is part of the extreme white ring -- extreme right wing agenda. host: you say your daughter could lose 20% of purse salary. what does she do? caller: she works for the navy. she is losing one day of play every week when this takes effect. that is 20% of first colony. how do they expect people to take -- that is 20% of her salary. the kochbrothers -- koch tothers' income increased $20 billion under bush. guest: these people will be furloughed for a period of time and will not get paid. this is s
income tax. as a retiree living on a modest pension pay federal and state tax. i think this is all a ploy on the republicans to do away with social programs that it could not get done legislatively. what they do is they start starving the beast of all of its money so they can get programs cut. they have been trying to get to social security since its inception. it is a shame that people put toy is a dollar overseas and untaxed. you have all this -- people put trillions of dollars overseas and...
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Feb 1, 2013
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the speaker offered increased revenue from taxes. with less than two weeks to go, they thought they had a deal. it became known as the grand bargain. >> it's not every day that the speaker comes to see the president quietly and says, "i'm willing to do a deal" that everybody knows is going to be dangerous for him politically. >> narrator: back at the capitol, boehner would have to convince the new republicans to go along. >> john boehner discovers that dl making is t part of the program for a lot of these freshmen who have just come into office on the strength of conviction politics. >> these freshmen understood what washington was about and chose not to be of washington. and so they wouldn't cave like a typical politician did because they weren't typical politicians. they got elected on principle, not on politics. >> narrator: as the week wore on, obama began to worry about the grand bargain. >> he calls boehner that night and leaves a voicemail. boehner doesn't ck up. >> the president said, "get back to me tonight, john." the presi
the speaker offered increased revenue from taxes. with less than two weeks to go, they thought they had a deal. it became known as the grand bargain. >> it's not every day that the speaker comes to see the president quietly and says, "i'm willing to do a deal" that everybody knows is going to be dangerous for him politically. >> narrator: back at the capitol, boehner would have to convince the new republicans to go along. >> john boehner discovers that dl making is t...
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Feb 6, 2013
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but coming up with a limited package of spending cuts and tax reforms. nearly $1 trillion of domestic and defense spending hanging in the balance, the president said the impact is already being felt. >> we've also seen the effects of political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already strt r staart affect business decisions. so while it's critical to cut wasteful spending, we can't just cut our way to prosperity. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together or eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> house speaker john boehner responded with a statement reading "republicans have twice voted replace these arbitrary cuts with common-sense cuts and reforms that p
but coming up with a limited package of spending cuts and tax reforms. nearly $1 trillion of domestic and defense spending hanging in the balance, the president said the impact is already being felt. >> we've also seen the effects of political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already strt r staart affect business decisions. so while it's critical to cut...
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson/bowles commission which said that we need to combine this kind of tax reform, closing loopholes, with lowering rates, particularly lowering rates on corporate taxation so we're more competitive with the rest of the world. if we are going to expend, use up these loopholes to pay for new spending or to avoid the kind of budget cutting that we need to do or the kind of entitlement reform, i mean, some of the entitlement reform that has been proposed, a
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health...
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Feb 5, 2013
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more taxes to avoid sequester cuts. we'll get reaction from the fox all-stars when we return. n't drr operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness, and morning drowsiness. ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as fifteen dollars at lunesta.com. there's a land of restful sleep. we can help you go there on the wings of lunesta. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor caus
more taxes to avoid sequester cuts. we'll get reaction from the fox all-stars when we return. n't drr operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may...